Overview
What is Katy Youth Basketball Inc?
Katy Youth Basketball Inc, based in Katy, Texas, is a nonprofit organization dedicated to offering a basketball program accessible to all students residing within the boundaries of the Katy Independent School District (Katy ISD). The organization serves students from first through eleventh grade, fostering a community that embraces basketball. This inclusive initiative aims to provide a platform for skill development, teamwork, and camaraderie, ensuring equal opportunities for all participating students within the Katy ISD area.
Official website here: www.kybb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
Katy Youth Basketball Inc has received a 76% rating from Charity Navigator, corresponding to a Three-Star rating. This score reflects the charity's performance in the Accountability & Finance beacon, where it excelled in several key areas, including having a fully independent board with no material diversion of assets. The organization also demonstrated strong financial health with a program expense ratio of 95.58%, indicating that a significant majority of its expenses go directly to its programs.
While Katy Youth Basketball Inc shows strong performance in oversight and transparency—evidenced by posting meeting minutes and tax forms on its website—there are notable weaknesses. The charity lacks essential governance policies, such as a conflict of interest policy and a whistleblower policy, which are critical for ensuring ethical operations. These missing policies could raise concerns regarding the organization’s commitment to best practices in governance.
Overall, while the charity demonstrates solid financial management and accountability, the absence of certain governance policies suggests areas for improvement in its operational practices. Raising these standards could enhance trust and increase the effectiveness of the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Katy Youth Basketball Inc legitimate?
Katy Youth Basketball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katy Youth Basketball Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kybb.org
What is the mission statement of Katy Youth Basketball Inc?
Katy Youth Basketball Inc is committed to offering a basketball program that is accessible to all students residing within the boundaries of Katy Independent School District, encompassing grades 1 through 11. Their mission is centered around providing an inclusive platform for basketball, fostering a sense of community and sportsmanship amongst its participants. The organization is dedicated to promoting the sport and nurturing the skills of young athletes, encouraging teamwork and camaraderie.
Official website here: www.kybb.org
What is the revenue of Katy Youth Basketball Inc?
Katy Youth Basketball Inc's revenue in 2024 was $485,152.
Official website here: www.kybb.org
Who are the executives of Katy Youth Basketball Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kybb.org
Where can I find the form 990 for Katy Youth Basketball Inc?
Katy Youth Basketball Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kybb.org
Learn more at the official website: www.kybb.org
Mission Statement of Katy Youth Basketball Inc
Katy Youth Basketball Inc, a dedicated organization, is committed to providing an inclusive basketball program for students residing within the boundaries of the Katy Independent School District (KISD). This program caters to students in grades 1 through 11, ensuring that all interested individuals have the opportunity to participate. The mission of Katy Youth Basketball Inc is to foster a positive and engaging basketball environment, where students can learn, grow, and develop their skills on the court. The organization's devotion to this cause is reflected in its commitment to making basketball accessible to all students within the KISD area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Katy Youth Basketball Inc plays a crucial role in fostering the development of young athletes within the Katy ISD community. By providing a structured basketball program open to students from 1st to 11th grade, the organization not only promotes physical activity and healthy competition but also instills important life skills such as teamwork, discipline, and sportsmanship. Through their dedication to youth basketball, Katy Youth Basketball Inc positively impacts the overall well-being and growth of the participants, contributing to a stronger and more connected community in Katy, Texas.
This information is meant to be a general summary of Katy Youth Basketball Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $485,152
Assets and Liabilities:
- Total Assets: $251,037
- Total Liabilities: $0
- Net Assets: $251,037
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Principal Officer
William Panter
Website
www.kybb.orgNTEE Category
Code: N62Z - Recreation
If you are a representative of Katy Youth Basketball Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.